AlphaMark Advisors LLC Has $1.67 Million Holdings in Waste Management, Inc. (NYSE:WM)

AlphaMark Advisors LLC reduced its stake in Waste Management, Inc. (NYSE:WM) by 9.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,055 shares of the business services provider’s stock after selling 842 shares during the period. AlphaMark Advisors LLC’s holdings in Waste Management were worth $1,672,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. Wellington Management Group LLP lifted its holdings in shares of Waste Management by 18.4% during the 4th quarter. Wellington Management Group LLP now owns 312,618 shares of the business services provider’s stock worth $55,990,000 after acquiring an additional 48,549 shares during the period. Kapitalo Investimentos Ltda bought a new stake in Waste Management during the fourth quarter worth $50,000. First Hawaiian Bank boosted its holdings in shares of Waste Management by 96.6% in the 1st quarter. First Hawaiian Bank now owns 6,541 shares of the business services provider’s stock valued at $1,394,000 after purchasing an additional 3,214 shares in the last quarter. Mather Group LLC. acquired a new position in shares of Waste Management during the 1st quarter worth $202,000. Finally, Wedmont Private Capital lifted its position in shares of Waste Management by 2.2% during the 1st quarter. Wedmont Private Capital now owns 4,898 shares of the business services provider’s stock worth $1,011,000 after buying an additional 104 shares during the last quarter. Institutional investors and hedge funds own 80.40% of the company’s stock.

Waste Management Stock Down 0.0 %

Shares of NYSE:WM opened at $213.08 on Friday. Waste Management, Inc. has a 1 year low of $153.95 and a 1 year high of $225.00. The company has a debt-to-equity ratio of 2.21, a current ratio of 1.07 and a quick ratio of 1.03. The business’s 50-day moving average is $208.13 and its 200-day moving average is $208.49. The company has a market capitalization of $85.51 billion, a price-to-earnings ratio of 33.88, a P/E/G ratio of 2.39 and a beta of 0.74.

Waste Management (NYSE:WM) last issued its quarterly earnings results on Wednesday, July 24th. The business services provider reported $1.82 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.82. The firm had revenue of $5.40 billion for the quarter, compared to analyst estimates of $5.43 billion. Waste Management had a return on equity of 39.52% and a net margin of 12.13%. The company’s revenue was up 5.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.51 earnings per share. Equities research analysts predict that Waste Management, Inc. will post 7.24 earnings per share for the current year.

Waste Management Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 13th were paid a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 1.41%. The ex-dividend date of this dividend was Friday, September 13th. Waste Management’s dividend payout ratio (DPR) is currently 47.69%.

Wall Street Analysts Forecast Growth

WM has been the subject of several research analyst reports. The Goldman Sachs Group raised Waste Management to a “strong-buy” rating in a research note on Friday, July 26th. Oppenheimer lowered their price target on shares of Waste Management from $229.00 to $224.00 and set an “outperform” rating for the company in a report on Friday, July 26th. Scotiabank began coverage on Waste Management in a report on Friday, October 4th. They set a “sector perform” rating and a $220.00 price objective on the stock. Truist Financial dropped their target price on Waste Management from $240.00 to $235.00 and set a “buy” rating for the company in a research report on Thursday, July 11th. Finally, StockNews.com cut Waste Management from a “strong-buy” rating to a “buy” rating in a report on Wednesday, October 9th. Eleven equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $218.89.

Waste Management Company Profile

Waste Management, Inc, through its subsidiaries, engages in the provision of environmental solutions to residential, commercial, industrial, and municipal customers in the United States and Canada. It offers collection services, including picking up and transporting waste and recyclable materials from where it was generated to a transfer station, material recovery facility (MRF), or disposal site; and owns and operates transfer stations, as well as owns, develops, and operates landfill facilities that produce landfill gas used as renewable natural gas for generating electricity.